US jobs will not go to China, India, and Germany: Obama

Washington: US president Barack Obama has said that America had returned to robust competitiveness and the danger of jobs and industries fleeing to countries like China, India or Germany was over, reports PTI.

"When I took office, we put in place a new economic plan that rewards hard work instead of greed; a plan that rewards responsibility instead of reckless; a plan that focused on our middle class, (and) making them more secure," Mr Obama said at a Democratic Fund Raiser in Austin, Texas.

The president said that the US "was competitive over the long run so the jobs and industries of the future weren't going to China or India or Germany, but were going to the United States of America, right here."

Gradually entering into an election mode with the mid-term elections less than three months ago, the US president has been frequently in his public speeches claiming how his policies are aimed towards stopping outsourcing of jobs and manufacturing.

Instead of spending money on special interest tax loopholes that don't create American jobs, we said we're going to make smart investments in education and innovation and clean energy that will benefit all people and our entire economy, he said.

"Instead of giving special interests free rein to write their own regulations, we demanded new accountability from Washington to Wall Street so that big corporations had to play by the same rules as small companies and by individuals.

That's only fair," Mr Obama said.

Observing that it took nearly a decade to enter the current phase of the economic mess he inherited, Mr Obama said it's going to take some more time to "dig our way out" of that hole.

"The devastation that has touched so many of our families, so many of our communities, that is going to take some time to heal. And I hear those stories firsthand wherever I travel.

I hear about them in the letters that I receive every night that I read from people who are doing their best to keep on striving towards that American Dream, but keep on hitting a bunch of road blocks and are looking for help.

So the road to recovery is long and it's filled with challenges. And I'm under no illusion that we've gotten there yet. We've got a lot more work to do," he said.

Continuing with his critic of the Republican policies, Mr Obama said: "We've got a choice between a forward-looking agenda that is rebuilding the structure of this economy so it's working for all Americans, or just going back to the same stuff that got us into this mess.



Shadi Kaatyal

7 years ago

This is prep talk and nothing against other nations. He is well aware that majority of post graduate students in all over USA are more than 60% foreigners and many of them stay here .
It is true that most of US students donot wish to pursue post graduate studies..So this speech is not against any nation but facin g the reality

No fresh oil spill reported, anti-pollution operations to continue

Mumbai: There were no reports of fresh oil spill from a cargo ship which collided with another vessel off the Mumbai coast even as anti-pollution operations are still on to neutralise the oil effect, reports PTI quoting Coast Guard officials.

"No fresh oil spill was reported ever since the fuel stopped trickling out from one of the merchant vessel Chitra's tanks," said S P S Basra, IG, Coast Guard (Western Region).

"It is good to see no further spill but our anti-pollution operation is underway today as well. Wherever we are finding thick oil patches, we are spraying chemical dispersals to neutralise the oil effect," he said adding there is no further tilting of the vessel.

However, the traffic suspended at Mumbai harbour is yet to be restored, Mr Basra added.

Two Panamanian cargo ships, MSC Chitra and MV Khalija-111, collided on Saturday off the Mumbai coast causing an oil spill from one of the vessels. However, no casualties were reported.

Thirty three crew members, including two Pakistanis, were rescued following the incident.

Six Coast Guard vessels and a helicopter with anti-pollution dispersal spray systems were pressed into service to contain the oil spill.

At least 31 containers with hazardous chemicals, including organo-phosphorous pesticides, sodium hydrochloride and pyrethroid pesticides are on board and quite a few of them might have tumbled into the sea and their contents leaked, a coast guard official had said.

More than 300 containers had hurled into the water.

Bhabha Atomic Research Centre (BARC) authorities have been asked not to use sea water for cooling purposes at the premier atomic establishment, the official added.

Maharashtra chief minister Ashok Chavan had also undertaken an aerial survey of the affected area yesterday and advised people against fishing in the affected area as marine life around the city was bound to be affected by the oil slick.

Meanwhile, the coastal districts of Maharashtra have been put on alert as the oil slick has spread to Alibaug and Uran areas, and also close to Elephanta caves amid concerns that it may also damage the rich mangrove belt along the coastline.


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Andhra Bank rose 6% after the government announced plans to infuse capital in PSU banks to maintain Tier-1 capital ratios

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